Iran and Oman near a fee-based deal to reopen the Strait of Hormuz

On August 4, Iran and Oman moved to specific terms in talks to reopen the Strait of Hormuz. Ships entering the Persian Gulf would follow the northern lane, controlled by Iran. Ships heading out would use the southern lane near Oman's coast.

Both governments would charge service fees. Iran insists that is the correct label, not transit tolls. The fees are described as covering maritime security and environmental protection, with revenue split equally between the two countries.

Talks are still running. Officials briefed on the negotiations said the final arrangement could look different. Trump said publicly he would not allow any fee system, telling reporters "I'm not going to let them charge." Any deal is also conditioned on lifting the US maritime blockade of Iranian ports.